EBA guidelines on supervisory cooperation with respect to systemically important branches
European Banking Authority guidelines on cooperation and coordination between supervisory authorities in supervising large, systemically important branches in the EU, so-called "significant-plus" branches. Provides framework for identification of "significant-plus" branches. Outlines coordinated approach to supervision and assessment of recovery plans via colleges of supervisors. Creates set of principles that supervisors should comply with in performance of risk assessments, exchange of supervisory intelligence and information, planning of supervisory activities, carrying out on-the-spot checks and inspections, application of supervisory and precautionary measures and allocation of tasks between authorities.
Publisher:
Regional Standard-Setting Bodies
Release date:
Nov 2017
Type:
Guideline
Parent:
CRD IV: Liquidity
Topics:
Cross-border cooperation, Systemically important financial institutions (SIFIs)
Sectors:
Banking
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